BlackRock’s tokenized money market fund BUIDL has distributed about $100 million in dividends since launching in March 2024, according to tokenization firm Securitize, which serves as the product’s transfer agent and administrator. The fund, which invests in short-dated U.S. Treasuries, repurchase agreements and cash equivalents,… Read More
BlackRock’s spot bitcoin ETF, IBIT, has registered record outflows this month amid a price slide and a sharp rise in the cost of bearish options used to hedge against further market declines. The Nasdaq-listed BlackRock Bitcoin ETF, IBIT, has recorded a net outflow of $1.26… Read More
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) collectively bled $869.86 million Thursday, registering their second-highest outflow on record, according to data source SoSoValue. Investors have pulled out $2.64 billion over three weeks, signaling growing caution and shifting sentiment in the market. Thursday’s outflow coincided… Read More
RLUSD$1.0001, the U.S. dollar stablecoin from the blockchain payments firm closely related to the XRP Ledger network, has surpassed $1 billion in market capitalization less than a year after launching in December 2024. The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market… Read More
